Real numbers for tesla don't look good. Sales down in Europe in July (I think 1 or 2 of every 50 EVs sold in Europe in July was a tesla), revenue flat and maybe even declining, whistleblower lawsuits, strange A/R accounting and ZEV credits soon evaporating, and on and on. But tesla's price has charged ahead regardless based on the story. As some in the VC space have said, 'nothing like some numbers to fk up a good story'. Eventually, if the numbers don't add up, people will have to dump. At least one would think. I guess people could hold their shares even if earnings never go positive again, but it seems unlikely. Also, if it comes out from the whistleblower suits that accounting fraud was happening (it's alleged and described in the suits/complaints), yikes. As well as other things like elon retaliating against whistleblowers.
This price action is an idea from elliott waves -- 5 wave impulse up, 5 wave impulse down. This would reach around the $87 price target noted by Gordon Johnson. While other analysts predict tesla will sell near 100% of electric cars, solar panel roofs, and backup home battery packs in the future, the numbers beg to differ. Real competition is just starting to emerge from several other companies.
I don't recommend trying to short this though. It could easily go to 10 million dollars per share, even after the split
This price action is an idea from elliott waves -- 5 wave impulse up, 5 wave impulse down. This would reach around the $87 price target noted by Gordon Johnson. While other analysts predict tesla will sell near 100% of electric cars, solar panel roofs, and backup home battery packs in the future, the numbers beg to differ. Real competition is just starting to emerge from several other companies.
I don't recommend trying to short this though. It could easily go to 10 million dollars per share, even after the split